HaiKhuu Daily Report 6/13/2023
Good morning and happy Tuesday! Markets are looking relatively strong at the time of writing this report, but just note there is a significant amount of economic news that comes out prior to markets opening. Hope you all are doing well and are realizing a significant amount of gains in the process of everything. Watch out for confidence in the markets right now, as a lot of people are going to have a difficult time allocating into these market conditions, but as long as there is confidence and buying, market conditions will continue to move up.
$SPY has been trending up nicely for the previous couple of weeks which has resulted in a significant amount of people being able to generate a sizable return within a very short period of time, the confidence is nice, but it is not going to last. So continue to navigate the markets, but keep capitalizing on the opportunities that are available to you right now.
As I have said before, I personally cannot recommend allocating into heavily overpriced equities that have been impacted by this bullish market movement, but I can say that as a result of this found confidence, it has provided us with many opportunities to actively trade and realize gains. Look to continually scalp and day trade when given an opportunity to do so, and realize gains in the process of everything. This momentum has provided us with some amazing trading opportunities and will continue to provide us with many opportunities until the momentum and confidence slow down.
Please be smart in these market conditions and make sure to practice safe risk management, because the people who are allocating heavily right now will win in the short term, but if they leave their exposure on too long, will result in a significant amount of losses.
Good luck trading today and let’s make some BANK!
Thoughts & Comments from 6/12/2023
Yesterday was an amazing day for the general markets with a significant amount of bullish momentum that everyone could have capitalized on with ease. $SPY continued to make new 52-week highs and is showing a significant amount of confidence that is scaring people, but providing us all with a hell of a lot of realized gains in the process of everything. $SPY started the day trading at $430.88, up nicely from the previous close on Friday at $429.90. As we opened the day above the $430 resistance level, it showed there was a significant amount of confidence in the air and we watched as from open, the markets were slow but continued to trickle up the entire day.
We did make a low of the morning with a small dip within the first hour, making the official low of the day trading at $430.18, right above $430, but still retaining a large majority of the confidence to sustain a solid movement up in the general markets.
$SPY continued to climb throughout the morning providing us with many opportunities to actively trade and realize some gains to the bullish side. And as people started to come back from lunch, we watched as the markets continued to move up as buying was sustained and people continued to realize gains in the process of everything.
Markets continued to push mostly into power hour as we continually made new 52-Week highs on $SPY.
The movement up was beautiful and the momentum was sustained throughout the process of everything. The interesting thing about yesterday is that volatility continued to increase as $SPY moved up, meaning that people are uncertain about this market movement up, and are starting to become nervous, but are excited for the markets continuing to move up sustainably.
We ended the day with $SPY making a new 52-week high trading at $433.86, coming down ever so slightly to $433.80 at close, ending the day with $SPY up $3.90 from the previous close, or up approximately 0.91%, with an intraday bullish movement of +0.66%.
This movement was beautiful that provided us all with some amazing opportunities to create a significant amount of unrealized gains and provided us many opportunities to generate realized gains via active trading.
Hopefully, you all were able to realize some gains in the process of everything and enjoyed the sustained movement. It was a beautiful day for the markets.
Thoughts & Comments for Today, 6/13/2023
Today should be an extremely interesting time for the general markets with the amount of confidence in the air, but the economic news that is happening pre-market.
Please continue to be extremely careful in these market conditions and tread extremely lightly, but look to continually follow the momentum. As I have been saying before, I personally do not recommend attempting to allocate into equities that have moved up nicely over the previous couple of weeks, as they are at relative highs at this point, and are in my opinion are overvalued. People that enter now, may win in the short term, but if they leave their play on too long, will ultimately end up getting burnt.
My recommendation is to continue to ride the momentum and capitalize on the confidence, but I would not recommend actively investing and allocating at this time. I would recommend that the majority of people ride this momentum up and capitalize on it via scalping and active day trading. This is the safest way to capitalize on this bullish movement up and will provide you with some significant realized gains in the short term.
The only allocations I would recommend you attempt to invest in at this point, are organizations that have been undervalued throughout the process of everything ripping up and have not been impacted by this beautiful movement in tech. Two organizations I have been talking about a lot recently are Disney and Dollar General. Both organizations will not provide you with a significant amount of gains in the short term but are extremely safe to allocate to in these market conditions.
Continue to slowly add into hedges, but with a lot of organizations continuing to hit 52-week highs, look to slowly scale out of the positions you are in. This movement up is beautiful and when everything ultimately comes down with time, it will provide you with an opportunity to realize a significant amount of gains with relative ease.
Adding to bearish positions is extremely difficult right now as there is a significant amount of market confidence, but getting into those plays will be extremely cheap right now, the same way that allocating into long equities is extremely difficult to enter into while we are at extreme fear, but present us with an amazing opportunity to allocate long at a great price while people lack confidence.
Please just continue to be smart, practice safe risk management, and enjoy the process of everything. Maximize your potential to generate some gains, but again, be smart, be safe, and make the most out of the opportunities that are presented to us right now!
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was an interesting time for our algorithms and the markets. With the markets being extremely bullish, we were able to see a significant movement in the markets that did not reflect heavily on the long-term portfolio, resulting in the base algorithm underperforming in comparison to the markets. We are happy to see that the base algorithm was able to outperform our technical analysis. One day of underperformance is nothing of major concern as we are still outperforming the markets in the grand scheme of things!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.66%
Our Results:
Base Algorithm: +0.44%
Variable Market Neutral: +0.2%
Variable Sector Neutral: +0.13%
Long-Term Portfolio: +0.13%
Sector Neutral: -0.02%
Market Neutral: -0.13%
With market conditions being extremely strong and confidence being at relative highs, please take this into consideration prior to entering into any positions for the day. It will be difficult actively want to allocate at these relative highs, so watch out for pre-market data prior to deciding which allocations you’d want to enter for safety to see the market sentiment. If you enter into any allocations, make sure to do your own due diligence prior to entering and make sure you are only entering into positions you have confidence in, and are practicing safe risk management in the process. Set stops to limit your downside risk, and let your winners continue to run in these market conditions even if it takes some time for the trade to develop.
DISCLAIMER - This is not financial advice. Utilize these trades with caution. These predictions are generated via our proprietary trading algorithm without taking into account market conditions, news, or any external biases. This is not a signal to buy or sell any equities, and we do not guarantee success. Take these at your own risk.
Algorithmic Alerts for 6/13/2023
My Personal Watchlist :
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
$SPY , $DG , $DIS, $AMZN , $AAPL , $NVDA , $MSFT , $AMD
Position Opportunities:
Ride the momentum in the markets
Hedge the positions you want to hold
Set stops in guaranteed profit for any position you are in profit in
Cut all positions you are not comfortable holding
Exit positions you are comfortable taking profit on
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 6/13/2023
NFIB optimism index - 6 AM ET
Consumer price index - 8:30 AM ET
Core CPI - 8:30 AM ET
CPI year over year - 8:30 AM ET
Core CPI year over year - 8:30 AM ET
Notable Earnings for 6/13/2023
Pre-Market Earnings:
None Scheduled
After-Market Earnings:
None Scheduled
Wrap up
Overall, watch for the overall market sentiment today as there should be a lot of confidence in the morning that will be impacted heavily by economic news. Either the markets are going to continue moving up at a phenomenal rate, or we are going to see a minor shift in confidence that will lead a lot of people to get burnt. I hope you all are capitalizing on the opportunities that are available to us in these market conditions and are realizing gains in the process. This is a lot of fun, but just remember to prepare yourself for when the fun ultimately comes to a stop.
Good luck trading, and I hope you all have a great time today!